American Tower Corporation Prices Senior Notes Offering
May 04 2015 - 5:38PM
Business Wire
American Tower Corporation (NYSE: AMT) (the “Company”) today
announced the pricing of its registered public offering of senior
unsecured notes due 2020 and 2025, in aggregate principal amounts
of $750.0 million and $750.0 million, respectively. The 2020 notes
will have an interest rate of 2.800% per annum and are being issued
at a price equal to 99.745% of their face value. The 2025 notes
will have an interest rate of 4.000% per annum and are being issued
at a price equal to 99.228% of their face value. The net proceeds
of the offering are expected to be approximately $1,480.1 million,
after deducting underwriting discounts and estimated offering
expenses. The Company intends to use the net proceeds to repay
existing indebtedness under its 2013 Credit Facility.
Barclays Capital Inc., Mizuho Securities USA Inc., RBC Capital
Markets, LLC, Santander Investment Securities Inc. and TD
Securities (USA) LLC are acting as Joint Book-Running Managers for
the offering.
This press release shall not constitute an offer to sell or a
solicitation to buy any securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus
and related prospectus supplement, which may be obtained by
visiting the Securities and Exchange Commission’s website at
www.sec.gov. Alternatively, you may request these documents by
contacting Barclays Capital Inc. at 1-888-603-5847, or e-mailing
barclaysprospectus@broadridge.com, Mizuho Securities USA Inc. at
1-866-271-7403, RBC Capital Markets, LLC at 1-866-375-6829, or by
e-mailing usdebtcapitalmarkets@rbccm.com, Santander Investment
Securities Inc. at 1-855-403-3636 or TD Securities (USA) LLC at
1-800-263-5292.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of over 87,000
communications sites.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains statements about future events and
expectations, or “forward-looking statements,” all of which are
inherently uncertain. The Company has based those forward-looking
statements on management’s current expectations and assumptions and
not on historical facts. Examples of these statements include, but
are not limited to, statements regarding the expectations of the
dollar amount to be received in net proceeds, the Company’s ability
to complete the offering and the Company’s expectations for the use
of proceeds from the offering. These forward-looking statements
involve a number of risks and uncertainties. Among the important
factors that could cause actual results to differ materially from
those indicated in such forward-looking statements include market
conditions for corporate debt generally, for the securities of
telecommunications companies and for the Company’s indebtedness in
particular. For other important factors that may cause actual
results to differ materially from those indicated in the Company’s
forward-looking statements, we refer you to the information
contained in the prospectus supplement for this offering and
Item 1A of the Form 10-K for the year ended December 31, 2014
under the caption “Risk Factors” and in other filings the Company
makes with the Securities and Exchange Commission. The Company
undertakes no obligation to update the information contained in
this press release to reflect subsequently occurring events or
circumstances.
for American Tower CorporationLeah Stearns, 617-375-7500Senior
Vice President, Treasurer and Investor Relations
American Tower (NYSE:AMT)
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